Massachusetts 403(b) Supplemental Retirement Plan

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The Massachusetts 403(b) Supplemental Retirement Plan (the 403(b) plan) gives you the opportunity to supplement your core retirement benefits under the State Employees' Retirement System (MSERS) or the Optional Retirement Program (ORP) with this voluntary benefit.

The plan is available to employees of:

Why Employees Join the 403(b) Plan

Supplement Your Core Retirement Benefits

The funds you accumulate in this plan can be used to supplement the income from your core retirement benefits from either the MSERS or the ORP.

Inflation Protection

Your supplemental savings in the plan can help offset the effects of inflation on a long-term fixed retirement income. Click here for a chart illustrating the devastating effects that inflation on a fixed income.

Tax-Deferred or After-Tax

Your contributions to the 403(b) plan can be made either before state and federal income taxes are applied to your salary in the payroll system, or after taxes have been applied.

Each approach, pre-tax and after-tax, offers special tax treatment to meet varying, individual needs.

Emergency Fund

Many participants find the security of an emergency fund during retirement an invaluable part of their financial planning. Your voluntary savings in the Plan are accessible in a wide variety of payment methods, and at different times: the key features of any emergency fund!


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